Shortly after the recovery of the Ulunda, below described, the North American and West Indian squadron of the Royal Navy visited Halifax, Nova Scotia. The simple and novel means adopted for raising the ship attracted considerable attention among the officers of the fleet, and by way of stimulating the studies of the junior officers in this branch of their duties, a prize was offered for the best essay on the subject, to be competed for by the midshipmen of the various ships. The essays were adjudicated upon by Captain W.G. Stopford, of the flag ship—H.M.S. Bellerophon—and the first prize was awarded to the following paper, written by Mr. A. Gordon Smith, of H.M.S. Canada. The article needs no apology, but it is only just, says the Engineer, to mention the fact that the writer is not yet eighteen years of age. The steamship Ulunda, on the remarkable raising and recovery of which this paper is written, is an iron screw ship of 1,161 tons, until lately belonging to the Furness line. It is a sister ship to the Damara, of the same company, and was built and engined by Alex. Stephens, shipbuilder and engineer, at Glasgow, being fitted with compound vertical engines, of 200 nominal horse power, having two cylinders of 33 inches and 66 inches diameter respectively, which are capable of sixty-five revolutions per minute, and give a speed of twelve knots an hour. For supplying steam to the engines there are two return-tube boilers, each having three furnaces, and there is also a donkey boiler, which is used in harbor for working the four steam winches on deck.